Sucden Financial Delivers Strong Performance During 2021

Sucden Financial, the global multi-asset execution, clearing and liquidity provider, has released its financials for the year ending 31 December 2021, revealing a jump in revenues and profits.

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More specifically, the company registered total net assets of £142.6 million, compared to the prior year's £125.3 million. Net revenues for the year came in at £69.8 million, compared to the previous year's £53.9 million. Moreover, profit before taxation stood at £18.0 million, against 2020's £1.6 million.

"2021 was a strong year, as we continued to expand our diversified client base and invest in our services. As a result, we are in a solid position for further growth," commented Marc Bailey, Chief Executive Officer at Sucden Financial.

As Fazzaco reported earlier, Sucden Financial has hired Michael Bell​ as a coffee broker to help further expand its soft commodities services. Bell brings extensive market experience, with previous senior positions at several banks and brokers and as a former LIFFE coffee and cocoa grader.